Northrop Sells Federal IT Businesses To Peraton Owner for $3.4B

Northrop
Virginia-based Northrop Grumman will see its cash levels boosted by the sale.
Credit: Northrop Grumman
Northrop Grumman announced late Dec. 7 that it will sell its federal information technology and mission support services business to private equity investor Veritas Capital for $3.4 billion. “This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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